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A truly complete health insurance solution — offering you an essential shield, infinite power, and instant peace is now the Product of the Year 2025 (Winner Health Insurance Category. Survey of 1800 people by NielsenIQ across categories.)
Best suited for
Individual
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Multi Individual
A comprehensive and flexible Health Insurance Plan that offers Better Coverage, Better Control and Better Care
A health insurance that lasts for a lifetime
Parents and elders took care of children in their most sensitive ages and phases of life. It is time to gift them the better Healthcare experience. Presenting ManipalCigna Prime Senior, a comprehensive Health Insurance plan which offers innovative features specially designed for Senior Citizens.
Design your own health plan and pay for what you choose. Customise your plan according to your needs with ProHealth Select and reassure your future
The added boost that keeps you covered above and beyond your health plan.
Affordable standard health insurance plan
Standard Health Insurance Policy specially designed to cover Persons with Disabilities (PWD), Persons afflicted with HIV/AIDS, and those with Mental Illness
A plan that assures financial support and provides a safety cushion for a better tomorrow by providing complete protection, on and off the job, including death, disablement, repatriation of mortal remains and funeral expenses.
A plan that assures financial support and provides a safety cushion for a bettertomorrow by providing complete protection, on and off the job, including death, disability, loss of job and financial protection.
Standard Personal Accident Policy to safeguard your unexpected expenses arising from death or serious injury caused by an accident, while securing your finances
A vital protection for your financial health against life-changing critical illnesses that offers you the entire payment of sum insured on first diagnosis of listed illness.
A daily cash plan to financially aid hospitalization expenses
Every Detail Matters To Your Health
Employer-Employee Group
Non Employer-Employee Groups/ Association/ Institution/Society
Every Detail Matters For Global Protection
Non Employer- Employee Groups/Association/ Institution/Society
Check Detail to Secure Each Member's Lifestyle
Non Employer-Employee Groups/Association/ Institution/Society
Check Details To Secure Overseas Travel
Our All in One Plan to keep you healthy always
Building the Right Health care Plan Post Retirement
Have you taken into account these extra costs in your retirement plan?
India does not have a long-term healthcare provision or any form of social security as offered by several developed nations. Until and unless you are employed with a public sector company, you will not be able to rely on your employer to provide healthcare benefits to you for a lifetime.
Let us have a look at healthcare Inflation in India. As per data released by the Indian Government, the costs of medical care have gone up by a whopping 14% since 2010. Healthcare prices are also going up with rapid evolution in treatment methods and medicines.
Minus the hospitalization component, there will always be regular out-of-pocket expenditure on aspects like preventive consultations, check-ups, and medicines. You should create a diverse investment portfolio to help cover medical costs to safeguard your retirement savings.
How should you plan your retirement keeping ‘Health’ in mind?
You must first get a clear picture of current medical costs before predicting future healthcare expenditure. Based on what experts have to say, take an average of 3-5 years when calculating costs and then add 10-15% more to this sum for each year.
Other aspects like out-living your accumulated corpus or overall longevity, and deteriorating health conditions that must also be taken into account while saving for healthcare. Ensure that you have more funds as compared to your present requirements.
Analyze your lifestyle to work out any possible future ailments that may arise. Take a look at hereditary diseases in your family, and your chances of contracting the same. Always have your spouse and children included in this calculation by all means.
Creating your medical expenditure portfolio
You should first get a comprehensive health insurance plan . The earlier you buy, the better it will be for you since the number of choices reduce with age. The older you get, the higher premium of health insurance is. The sum insured also gets restricted with increasing age as the insurance company asks for a higher co-payment ratio.
According to financial experts, you should start building your health insurance portfolio at the age of 30-35 years. In case you are starting late, and the premiums seem too high, remember that your overall peace of mind is worth paying the premium for. Even if you are retiring in a few years, it still makes sense to opt for a health insurance plan to cover pre-existing diseases whenever the coverage from the employer expires upon retirement. Choose top-up plans and critical illness cover that help increase coverage while keeping the premiums in reasonable territory.
A comprehensive health insurance plan comes with pre and post-hospitalization benefits. Keep in mind the fact that medical insurance or mediclaim policy will only provide coverage for hospitalization and not for any additional costs. Indemnity plans do not offer coverage for preventive healthcare costs and domiciliary treatments. Pre- and post-hospitalization expenses may not be reimbursed for a long period. There are limits within 60-90 days to consider in most cases. As a result, you should separately have a corpus ready for payment of these bills. Each couple should have Rs. 15-20 lakh put aside separately for coverage of medical expenses after retirement.
There are unit-linked and dedicated health insurance plans from insurance companies that invest in debt and equity markets while also offering medical insurance. Ensure the longevity of the medical corpus by investing the money in instruments that provide suitable liquidity and protection of capital alike. Liquid-plus or liquid funds can be good choices in this regard. Liquid funds have lock-in periods of some weeks with annual returns of 6-8%, which can easily surpass inflation. FDs with 3-6-month maturity periods may also be considered in this regard.
If you require funds regularly, have a monthly income plan (MIP) set up for this purpose. These usually invest in debt and offer superior returns as compared to Fixed Deposits. With the performance of the MIPs dependent on market circumstances, conservative individuals may choose bank fixed deposits (FDs). The interest on FDs is taxed as per the income tax segment of the person concerned. MIPs have returns marked as long-term capital gains, and the rate of taxation is 10% minus indexation and 20% with indexation. A non-cumulative FD is suitable if you are okay with annual payouts. You get the return on an assured basis, and the interest will be directly transferred periodically to your savings account as well.
You can get tax benefits on health insurance policies under Section 80D up to Rs. 15,000 for those below 60 years of age. The deduction is up to Rs. 20,000 for senior citizens. Deductions of Rs. 5,000 can be garnered in case of preventive health check-ups.
Also, the costs of treatment for specific diseases like kidney failure, cancer, and AIDs may be eligible for deductions of Rs. 40,000 under Section 80DDB. The cap is Rs. 65,000 for people who have more than 60 years of age.
So waste no time and get cracking on setting up the for the future with the right healthcare plan for your retirement.
